INCLINE VILLAGE, NV / ACCESSWIRE / August 19, 2019 / American Battery Metals Corporation (OTCQB:ABML) (the “Company”), a premier battery metal exploration and development company based in Nevada, today responded to electric vehicle pioneer Tesla’s concerns about critical minerals supply shortages.
At a recent battery metals conference, Sara Maryssael, Tesla’s global supply manager for battery metals, expressed concern about “a shortage of crucial battery minerals used in the creation of batteries for not only EVs but smart-home systems.” Maryssael cited underinvestment in the mining sector as a factor.
American Battery Metals Corporation, Chief Executive Officer, Doug Cole, acknowledged Marryssael’s concerns, but stated other factors that currently lead to tepid investor confidence. Cole, cited, “One challenge facing investors is that so many exploration companies put out fanciful promotional releases, but they aren’t in a position to develop or produce from their claims.”
Cole, continued with tangible solutions, stating, “At American Battery Metals Corporation, we are focused on consistent, methodical execution of our strategic plan. We are vertically integrated, which minimizes risk and maximizes the potential for bringing critical resources online in the near term. We are serious about helping the U.S. break free from the reliance on foreign sources of critical minerals.”
American Battery Metals Corporation is currently focused on exploration and mining of lithium from the Company’s claims in Railroad Valley, NV. It is also in the midst of research and development of extraction and battery recycling technologies.
American Battery Metals Corporation
American Battery Metals Corporation (www.batterymetals.com) (OTCQB: ABML) is a premier battery metal exploration and development company based in Nevada. The company is focused on its Railroad Valley battery metal project in Nevada with the goal of becoming a substantial domestic supplier of battery metals to the increasing electric vehicles and battery storage markets in America.
For more information, please visit: www.batterymetals.com.
This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, including those with respect to the expected project economics for Western Nevada Basin (Railroad Valley), including estimates of life of mine, average production, cash costs, AISC, initial CAPEX, sustaining CAPEX, pre-tax IRR, pre-tax NPV, net cash flows and recovery rates, the impact of self-mining versus contract mining, the timing to obtain necessary permits, the submission of the project for final investment approval and the timing of initial gold production after investment approval and full financing, metallurgy and processing expectations, the mineral resource estimate, expectations regarding the ability to expand the mineral resource through future drilling, ongoing work to be conducted at the Western Nevada Basin (Railroad Valley), and the potential results of such efforts, the potential commissioning of a Pre-Feasibility study and the effects on timing of the project, are "forward-looking statements." Although the Company's management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve a number of risks and uncertainties, which could cause the Company's future results to differ materially from those anticipated. Potential risks and uncertainties include, among others, interpretations or reinterpretations of geologic information, unfavorable exploration results, inability to obtain permits required for future exploration, development or production, general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; fluctuating mineral and commodity prices, final investment approval and the ability to obtain necessary financing on acceptable terms or at all. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in the Company's filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended September 30, 2018. The Company assumes no obligation to update any of the information contained or referenced in this press release.
SOURCE: American Battery Metals Corporation
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